Leading global engineering technologies company Renishaw plc has received a Queen’s Award for Enterprise 2011 in the Innovations category for their laser-based tool recognition system.

The highly prestigious award is the company’s 14th Queen’s Award since its formation in 1973, and the 5th in just eight years.

Among some of UK’s most prestigious awards for business performance, the Queen’s Awards for Enterprise recognise and reward outstanding achievement by UK companies purely on merit. For Renishaw, which earns about 95% of its sales revenues overseas, the international credibility of the Awards is also very important.

Renishaw has won the Award for the development of the highly innovative TRS2 laser-based non-contact broken tool detection system used for detecting broken or missing cutting tools on CNC machining centres.

According to Sir David McMurtry, Renishaw’s Chairman and Chief Executive, the latest Queen’s Award recognises the company’s commercial and technological achievements through a highly respected independent assessment process. The Award is a source of great pride for their staff around the world who regularly turn great ideas into a successful commercial reality from design and manufacture through to marketing and sales.

He adds that the Award also gains them additional credibility in the eyes of potential new employees at a time when Renishaw is seeking to recruit over 230 talented individuals into their UK operations.

Key features of the TRS2 broken tool detection system:

Designed for machining operations in the automotive and consumer electronics sector

Incorporates a laser transmitter and receiver in a single housing positioned on only one side of a cutting tool to analyse reflected light patterns and determine tool condition

Accurately assesses the conditions of a variety of tools with diameters as small as 0.2mm at various distances

The Queen's Awards for Enterprise are given out each year by Her Majesty The Queen, on the advice of the Prime Minister, who is assisted by an Advisory Committee that includes representatives of Government, industry and commerce, and the trade unions.

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